Tracked deals
10
10 tracked deals across 2019-2022.
Strassen, Luxembourg
Formerly known as Ergon, Ergon (Apheon), Ergon (Ergon)
Apheon is a pan-European mid-market private equity investment firm providing “patient and friendly capital” and industrial know-how to entrepreneurs and management teams. It manages approximately €4.5B of assets and invests across Europe with a partnership approach through a pan-European footprint.
Tracked deals
10
10 tracked deals across 2019-2022.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
4 addon · 4 buyout · 2 growth capital
Last 3 years
Supporting Data
Belgian insurance broker AlliA has entered a partnership with mid-market private equity firm Ergon, which acquires a minority stake alongside the Lebon family and management. The investment will support AlliA's organic growth and M&A strategy to accelerate expansion in Belgium, Luxembourg and internationally while the founding family and management remain in charge of daily operations.
svt Group, a portfolio company backed by Ergon, has combined with Technical Fire Safety Group Limited (TFSG) to expand its passive fire protection product portfolio and geographic footprint. TFSG management reinvests in the combined group; the deal strengthens svt's capabilities in fire safety glass and adds the UK, Benelux, France and Spain as core geographies.
Ergon Capital Partners (Apheon) has acquired a majority stake in 360º Padel Group, the largest specialized padel platform globally, headquartered in Madrid. Inveready and investment vehicles including GAEA Inversion SCR and Full Global Investments SCR committed capital alongside management, which is reinvesting, to support the Group's omnichannel expansion across key international padel markets.
Ergon Capital Partners V (Ergon) has acquired a majority stake in Satlink, a Madrid‑headquartered provider of satellite-based hardware and proprietary data‑analytics solutions for maritime sustainability. Sellers include Artá Capital and founder Faustino Velasco, who will remain involved as Chairman while Artá stays on as a minority shareholder; Ergon will support Satlink's international growth and continued product development.
Ergon, together with Summa's management team, has acquired Summa from Gimv in a management buyout. Summa is a Belgium-headquartered manufacturer of digital cutting equipment that employs over 150 people and will partner with Ergon to accelerate international expansion, product development and software initiatives.
Ergon Capital Partners–backed Dolciaria Acquaviva has completed the acquisitions of Dolce Milano S.r.l. (a Lombardy-focused frozen bakery distributor with a small frozen-dessert production line) and Unigel S.r.l. (a specialty frozen bread producer best known for the Schiocco product). The add-ons strengthen Dolciaria's presence in Northern Italy — particularly Lombardy — expand its SKU range into frozen desserts and specialty breads, increase exposure to modern trade and HoReCa channels, and create commercial and production synergies.
Palex, the Spain-and-Portugal MedTech distributor backed by Ergon, has acquired Comercial Rafer, S.L., a Zaragoza-based distributor of reagents and laboratory instruments focused on IVD and histocompatibility. The add-on expands Palex's IVD and laboratory diagnostics offering and brings Rafer's ~40 employees, nationwide salesforce and technical service into the Palex platform.
Ergon Capital Partners-backed Dolciaria Acquaviva has acquired Milanopane S.r.l., a Buccinasco-based producer of high-quality puff pastry salty snacks. Milanopane generates approximately €6 million in sales and employs 40 FTEs; the acquisition expands Dolciaria's product offering into salty frozen snacks, strengthens its position with modern trade customers, adds a Northern Italy production hub and is expected to deliver commercial and cost synergies.
Ergon Capital IV SCSP (Ergon) has acquired a majority stake in Dolciaria Acquaviva from the Acquaviva family, with family members reinvesting alongside Ergon. Dolciaria Acquaviva is an Italian leader in frozen bakery products based in Gricignano di Aversa (Caserta), employs about 100 people, serves over 20,000 primarily Ho.Re.Ca customers nationwide, and will pursue accelerated growth and consolidation supported by Ergon.
Ergon Capital Partners IV (now Apheon) has signed an agreement to take a stake in Haudecoeur SAS, the long-standing French family business specialising in the import, manufacture and distribution of ethnic and oriental grocery products. The minority growth investment will provide capital and pan‑European support to accelerate Haudecoeur's development and international expansion while keeping the founding family involved.
Turn tracked acquisition activity into an outreach-ready buyer list.